RE:RE:RE:Insider buying at PVG...Pretium Resources...Agreed - Mexico is extremely risky. Parents have lost a fortune on Primero. I escaped unscathed trading in and out throughout 2016 and booked small profit somehow. Stock at a DIME now. Used to be a $
7.50 CAD stock just a few years ago. This is why I am afraid to get into Leagold even if top tier Management (Woodyer) + Los Filos is an
exceptional mine that Goldcorp sold to the Leagold team in early 2017...only issue = MEXICO.
Terrible story though and quite sickening. Primero's San Dimas mine depleted. Then they sell Black Fox (Timmins Ontario area) to McEwen Mining for just $ 35 M just as Black Fox turned the corner and had low AISC!!! They bought it for $ 220 M off Brigus Gold in 2012!!! SICKENING.
McEwen Mining also looks good, but I am not buying because I am wondering if they will do an equity issue soon - need to write to IR Dept to see HOW EXACTLY THEY ARE PAYING $ 35 M CASH TO PRIMERO FOR BLACK FOX MINE.
Reserve replacement is paramount in this business as you said. Name of the game. Klondex needs to work this point of reserve replacement (KL is the master at this), but Fire Creek is still one of the highest grade gold mines in the world in Nevada. The Bison gold acquisition will also feed TN mill, so that was a good takeover Huet did.
Only issue market still has is with Hollister - clear as day with no one holding long BUT they did pay through SHARE ISSUE and Hollister is fully discounted out of the SP by a mile. Huet needs to EXECUTE on Hatter Graben ASAP. JIN
passionatepiper wrote: I have rules now....Must be producing, must be adding reserves, must be in the lower % of AISC miners and MUST not be anywhere other than Canada, Nevada or Australia